By the end of this year, China will have more than half of the world's 5G base stations, while the number of 5G users in the same period will account for more than 70% of the world's total. China will have 4.2 billion Internet of Things (IOT) devices this year, accounting for one-third of the world's total, thanks to the explosive growth of 5G in China, said Xu Xianping, counselor of the State Council, at the high-end Dialogue Forum on "New Infrastructure: New Structural Forces in the Digital Era" on July 9.
With the development of 5G, many domestic enterprises have stepped into the international forefront in terms of R&D investment and achievements. According to Xu, HUAWEI, ZTE, OPPO and THE China Ict Industry Association are among the world's top 12 companies in terms of the number of patents required for 5G standards, with Huawei ranking first in the world with 3,147 patents.
"5G is exerting the effect of driving all industries." By 2025, new infrastructure-related industries, including 5G, the Internet of Things, artificial intelligence, industrial Internet, cloud computing and data centers, will bring about 17.5 trillion Yuan of investment to China and boost the scale of the industrial chain up and down by more than 82 trillion Yuan, with an average annual growth rate of more than 20 percent, Xu said.
